#aercap

WORLD’S LARGEST AIRCRAFT OWNER LOST 113 PLANES TO RUSSIA DUE TO SANCTIONS

AerCap Holdings, the aircraft leasing giant that is the world’s largest owner of jets, lost 113 planes when Russia seized them in response to sanctions triggered by the war in Ukraine.The seizures of the planes and 11 jet engines by Russian authorities caused AerCap to take a $2.7 billion pre-tax charge during the quarter, causing the company to report a net loss of $2 billion rather than the…

AerCap to win unconditional EU okay for $30 BLN GE deal

Irish aircraft leasing company AerCap is set to secure unconditional EU antitrust approval for its $30 billion bid for General Electric’s aircraft leasing business. The deal between the world’s two largest aircraft leasing companies would create a new financing giant and the largest buyer of airliners built by Airbus and Boeing. The deal will reshape a global air finance industry that has in…